If the Supply Curve Is Perfectly Elastic, the Burden of a Tax

question 163

Multiple Choice

If the supply curve is perfectly elastic, the burden of a tax on suppliers is borne:

• A) entirely by the suppliers.
• B) entirely by the consumers.
• C) mostly by the suppliers and partly by the consumers if the demand curve is inelastic.
• D) partly by the suppliers and mostly by the consumers if the demand curve is elastic.

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Definitions:

Canned Sales Presentation

A pre-scripted, standardized pitch used by salespersons to promote and sell a product or service to potential customers.

Formula Selling Presentation

A structured sales approach that follows a predetermined script or formula, aiming to cover all relevant points and overcome potential objections systematically.

Need-satisfaction Presentation

A sales approach that focuses on identifying and meeting the specific needs of a potential customer.

Stimulus-response Presentation

A technique in marketing and psychology where a stimulus is presented to elicit a specific response from the target audience.